Dear readers,

Since 28 November 2024, the Resolution of the Monetary Policy Committee of the National Bank of the Republic of Kazakhstan dated 28 November 2024 No. 8 “On setting the base rate” has been entered into effect.1

According to the Resolution, the National Bank of the Republic of Kazakhstan has set the base rate at 15.25% per annum.

In addition, according to the Resolution, a corridor has been set for the purposes of calculating interest rates on the main operations of monetary policy:

  •  with an upper limit at the level of 16.25% per annum;
  • with a lower limit at the level of 14.25% per annum.

1 Resolution of the Monetary Policy Committee of the National Bank of the Republic of Kazakhstan dated 28 November 2024 No. 8 “On setting the base rate”